Right On Brands Stock Return On Equity
| RTON Stock | USD 0.03 0.01 28.57% |
Right On Brands fundamentals help investors to digest information that contributes to Right On's financial success or failures. It also enables traders to predict the movement of Right Pink Sheet. The fundamental analysis module provides a way to measure Right On's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Right On pink sheet.
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Right On Brands Company Return On Equity Analysis
Right On's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Right On Brands has a Return On Equity of 0.0. This is 100.0% lower than that of the Consumer Defensive sector and 100.0% lower than that of the Packaged Foods industry. The return on equity for all United States stocks is 100.0% lower than that of the firm.
Right Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Right On's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Right On could also be used in its relative valuation, which is a method of valuing Right On by comparing valuation metrics of similar companies.Right On is currently under evaluation in return on equity category among its peers.
Right Fundamentals
| Return On Asset | -0.12 | |||
| Profit Margin | (0.05) % | |||
| Operating Margin | (0.04) % | |||
| Current Valuation | 2.26 M | |||
| Shares Outstanding | 23.09 M | |||
| Shares Owned By Insiders | 3.02 % | |||
| Price To Sales | 0.99 X | |||
| Revenue | 997.1 K | |||
| Gross Profit | 440.01 K | |||
| EBITDA | (225.78 K) | |||
| Net Income | (257.02 K) | |||
| Cash And Equivalents | 15.25 K | |||
| Total Debt | 445.22 K | |||
| Debt To Equity | 91.40 % | |||
| Current Ratio | 0.30 X | |||
| Cash Flow From Operations | (150.7 K) | |||
| Beta | 1.23 | |||
| Market Capitalization | 4.62 K | |||
| Total Asset | 234.13 K | |||
| Z Score | 4.0 | |||
| Net Asset | 234.13 K |
About Right On Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Right On Brands's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Right On using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Right On Brands based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Right On
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Right On position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Right On will appreciate offsetting losses from the drop in the long position's value.Moving together with Right Pink Sheet
Moving against Right Pink Sheet
| 0.68 | K | Kellanova Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Right On could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Right On when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Right On - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Right On Brands to buy it.
The correlation of Right On is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Right On moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Right On Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Right On can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Right Pink Sheet
Right On financial ratios help investors to determine whether Right Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Right with respect to the benefits of owning Right On security.